Description
This role supports the US Municipal new issue business, ensuring operational efficiency, minimizing risk, and assuring compliance with internal and external regulations for Muni syndicate offerings.
Key responsibilities include:
- Acquiring DTC eligibility and liaising with transfer agents to effect accurate and timely settlement of Lead managed issues
- Preparing final settlement letters for underwriters on Lead managed issues, including collecting expenses, creating P&L, and final settlement letters
- Wiring monies for settlement of syndicate issues and payment of related vendor invoices
- Communicating with syndicate members and disbursing final settlement fees
- Adhering to Standing Orders for funds disbursement and remaining aware of internal funding limits
- Collecting fees for non-lead deals
- Recording deal transactions, statistics, and details accurately
- Managing settlements to avoid operational risk, regulatory violations, or reputational risk
- Transmitting monies and payments with accurate due diligence to mitigate risk
- Reporting funding requirements, securing needed funding, and meeting Firm capital guidelines
To succeed in this role, you will need:
- 1-2 years of experience with background check validations
- Excellent problem identification and resolution skills
- Strong communication and organizational skills
- Ability to work with time deadlines and prioritize tasks
In return, RBC offers:
- A comprehensive Total Rewards Program, including bonuses and flexible benefits
- Competitive compensation
- Leaders who support your development through coaching and managing opportunities
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work
- Flexible work/life balance options